Taiwan expansion to boost Frontken’s net profit

Additionally, HLIB Research said demand for Frontken’s products continues to remain strong.

PETALING JAYA: Frontken Corp Bhd is expected to see a 22% lift in core net profit in its next financial year ending Dec 31, 2023, underpinned by the expansion of the group’s second Taiwan plant.

Hong Leong Investment Bank (HLIB) Research in a report yesterday said the first phase expansion of Frontken’s second Taiwan plant is ahead of schedule.